Crypto Market Value Falls 8.05% to $2.21 Trillion as Bitcoin Trades Under $65,000

Crypto asset values fell by Saturday afternoon, with total capitalization down 8.05% to $2.21 trillion and Bitcoin (BTC) trading below $65,000 at 4:02 p.m. ET.

Bitcoin was priced at $64,848, down 5.68% over 24 hours. Total crypto trading volume for the same period was $86.40 billion. Bitcoin accounted for 59.0% of crypto market capitalization, while Ether's (ETH) share was 10.0%.

All six major assets in the snapshot were lower. Ether fell 8.07% to $1,786, XRP (XRP) dropped 8.70% to $0.930 and BNB (BNB) lost 8.13% to $584.20. Solana (SOL) had the steepest decline among the six, down 11.19% to $70.74. Dogecoin (DOGE) fell 10.98% to $0.0580, while Bitcoin had the smallest loss.

Among the 39 assets in a separate performance ranking, Monero (XMR) was unchanged, the strongest result. Aster (ASTER) posted the largest decline in that group, falling 23.85%.

Liquidations across Binance, Bybit and OKX totaled $783.3 million over 24 hours. Long positions accounted for $735.7 million of that amount, compared with $47.6 million in short liquidations.